15 PLEASE EXPLAIN THE LEARNING PROCESS THANK YOU!

Assume current assets totaled $59,000 and the current ratio was 1.2 before the following transactions: (1) Purchased merchandise for $9,000 on short-term credit. (2) Purchased a delivery truck for $14,000. paid $5,000 cash and signed a two-year interest-bearing note for the balance. Required Compute the current ratio after each transaction. (Round your final answers to 2 decimal places.) Transaction Current Ratio